Real Estate Tech News

Home flipping, never exactly an undertaking for the faint-hearted, is getting riskier. Again.Sound familiar? Real estate Denver co (companies) have long had a love affair with the seductive gamble of snagging cheap fixer-uppers, rehabbing 'em, then reselling fast, hopefully for a sweet, sweet profit. But this national obsession became a national nightmare during the housing crash, when swollen real estate portfolios of everyday folks—pumped up by low- or no-credit mortgages—became financial anvils, dragging many under water. As the market bounced back, so, finally, did flipping.Now there's a new factor raising stress levels and blood pressures anew: the current slowdown in the estate sales Denver housing market, with prices actually starting to fall in some cities. If those prices drop too far, too fast, then flippers can lose value on homes even as they work to improve them. So the realtor.com® data team figured it was time to find out where home U.S. home flipping is up—and down—the most. This isn't just important for would-be flippers; it's also a critical factor in predicting where those key markets are heading.

U.S. real estate Denver co (Companys) home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.The National Association of Realtors said on Tuesday existing home sales declined 6.4 percent to a seasonally adjusted annual rate of 4.99 million units last month. That was the lowest level since November 2015.November's estate sales Denver pace was revised slightly up to 5.33 million unit from the previously reported 5.32 million units.Economists polled by Reuters had forecast existing home sales falling 1.0 percent to a rate of 5.25 million units in December.Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018, sales fell 3.1 percent to 5.34 million units, the weakest since 2015.

A family would on average need to save up for 21 years without spending a single dollar to afford a home in the Hong Kong city, according to the Demographia International Housing Affordability Study.There is a great demand for real estate properties hence in Hong Kong to reduce the rates, and Hong Kong can be a great city hence for real estate Denver co (companies)That is the longest saving period in the study’s history and beats the previous record of 19.4 years set by Hong Kong in 2017.Its a great news for all estate sales Denver companies.Demographia categorised Hong Kong as “severely unaffordable”.In second place was Vancouver with an home-price to median-income ratio of 12.6, meaning it would take an average of 12.6 years to save enough money for a house.A family in Singapore needs to save for 4.6 years to buy a home, where as for Denver home in the US that period is 3.9 years.Although prices look more than likely to come down in price this year, the odds the city will lose its dubious title of “world’s most expensive city” look slim, according to analysts.

In a former warehouse on a dimly lit street in the South Bronx, Denver homes developers sipping Puerto Rican moonshine listened as a local official urged them to capture a new U.S. tax break by rebuilding the decaying neighborhood.In Alabama, a young lawyer quit his job after seeing the same tax break’s potential to help one of the nation’s poorest states. He now spends his days driving his Hyundai from town to town, slideshow at the ready, hoping to connect investors with communities.And on a conference call with potential clients, a prominent hedge fund executive pitched investments in a boutique hotel in Oakland, which he described as San Francisco’s Brooklyn. The project is eligible for the same tax break, designed to help the poor.

Starting Wednesday, homeowners who have suffered furloughs and other work changes can apply for a city grant to pay their mortgages. The city will give up to two months of mortgage payments, for a maximum of $5,000, through the program.“It’s simply unacceptable that hundreds of thousands of federal workers and their families are being used as political pawns,” Mayor Michael Hancock said in a news release. “I don’t want anyone to lose their home because of this shutdown, so estate sales Denver's going to step up and support our federal employee residents where we can.”A missed paycheck would have devastated his family when he was growing up, he said.Total Denver homes income cannot exceed 120 percent of the area median income, or $107,880 for a family of four.

Despite signs of a slowdown, Redfin announced today that it will expand its North American footprint by opening up a presence in Toronto and Vancouver, two of Canada's highest-priced real estate markets. They plan to begin operations by March 2019 with more expansion throughout Canada expected to come."Our website and mobile apps will show all the real estate Denver co homes for sale via the local Multiple Listing Services used by brokerages. And Redfin will show sale prices for Toronto and Vancouver homes that for years had been unavailable to consumers," said Redfin CEO Glen Kelman in a statement. According to the statement, Redfin will provide to its clients pricing and staging advice, free professional photography, a 3D walkthrough of the home, open houses, yard signs, and marketing materials, and Redfin listings will receive premier placement on Redfin.ca and be displayed on Realtor.ca and other Canadian real estate sales Denver websites.

Mortgage rates have been in a prolonged swoon, but it may be coming to an end.According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.45 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.51 percent a week ago and 3.99 percent a year ago. The 30-year fixed rate dropped below 4.5 percent for the first time since April real estate Denver co.The estate sales Denver 15-year fixed-rate average fell to 3.89 percent with an average 0.4 point. It was 3.99 percent a week ago and 3.44 percent a year ago. The five-year adjustable rate average sank to 3.83 percent with an average 0.3 point. It was 3.98 percent a week ago and 3.46 percent a year ago.

As home prices continue to grow faster than wages, an increasing number of US may turn to rentals.Renting a home was more affordable than buying one in 2018 in more than half of the counties analyzed by the national property database ATTOM Data Solutions, according to a rental affordability report out Thursday, with real estate Denver co prices rising faster than wages in 80% of US markets."Renting a home is clearly becoming the more attractive option in this volatile housing market," said Jennifer von Pohlmann, spokesperson for ATTOM. In 2018, it was less expensive to rent a three-bedroom property than to buy a median-priced Denver home in 442 of 755 analyzed counties, or 59%, the company found using official wage and housing figures and public record estate sales Denver deed data.

Lennar Corp. (LEN - Get Report) shares surged to a three-month high Wednesday as two Federal Reserve officials signaled slower 2019 rate hikes, easing pressure on mortgage levels, and the nation's second largest real estate Denver co. homebuilder said current quarter activity would likely pick up as a result. Lennar CEO Stuart Miller told investors on a conference call that he expects the firm to open 50,000 new Denver homes in the currency fiscal year, which began on December 1, after reporting adjusted earnings for the three months ending in November of $1.96 per share, just ahead of the Street consensus of $1.92 per share. However, while group sales rose 71% to $6.5 billion, and new home deliveries surged 64% to 14,154 units, each missed forecasts of $6.53 billion and 14,185 units respectively.

KB Home today said it will begin offering home buyers technology to make their households healthier. Starting this spring the Los Angeles-based homebuilder will sell an add-on, known as Darwin, to buyers in California, with plans to eventually roll it out nationally. Darwin is designed by Delos, a New York-based technology startup that has risen over $200 million to develop what it calls “wellness real estate.” The real estate is a major business sector, may it be Denver real estate or New York. Both company might have a huge prospect in all cities together.Both KB and Delos operates in Denver as well, and they are ensuring wellness in Denver homes for sale, and many other cities. KB Home and Delos tie up is definitely looking promising.